Bengaluru-based electric bike start-up has launched a high-power motorcycle this week, priced on par with 300cc petrol-powered bikes. This breaks the misnomer that electric vehicles (EVs) will always be priced at a premium over their petrol counterparts.
The all-electric Ultraviolette F77 priced at Rs 3 lakh hits a top speed of 147 km per hour while the BMW G310 GS priced at Rs 2.99 lakh has a top speed of 143 km per hour.
Will this change the way buyers look at EVs given that a part of the price will contain government subsidy? What if the incentives are to be reduced over time as China has done?